CS Maintains IB Lead

Credit Suisse remains LatAm’s investment banking revenue leader heading into the year’s final stretch, according to Dealogic. The Swiss bank claims $98m in YTD revenue as of August 23, or 11.2% of a pool that, at $876m, is 16.8% bigger than the total for the corresponding period of 2009. Dealogic data suggests that M&A and equity account for most of the Credit Suisse LatAm revenue. It has earned $39m from 19 M&A deals worth $40.07bn, to lead that category for both revenue and volume. It also made $46m from 11 ECM transactions worth $1.70bn. The bank’s overall total represents an increase from the same period of 2009, where it sat fourth in the table with $60m, or 8% share. Itau is in second ($80m total revenue), with JPMorgan third ($75m), BTG Pactual fourth ($64m) and Bank of America Merrill Lynch fifth ($58m). Itau and BTG jump from seventh and tenth, respectively, compared with this point in 2009. Deutsche Bank ($47m) and Goldman Sachs ($31m) are new to the top 10 versus this time last year, at the expense of Banco do Brasil and Morgan Stanley. JPMorgan has earned the most from DCM fees ($22m), while Itau is tops in equity ($46m). By volume, Itau leads the field in equity ($2.91bn) ahead of BAML ($2.89bn), while HSBC’s DCM total ($7.41bn) comes in above JPMorgan ($6.86bn).